Peggy B. Smith

Overview

Peggy Smith began her real estate career over 35 years ago. In 1974, she became the first woman to join the commercial division of a large Washington, D.C. regional real estate brokerage firm where she was later named Vice President of Commercial Sales. Experienced throughout the region, Peggy has sold all types of commercial and investment properties for her clients: multi-family, office, retail, shopping centers and industrial properties, as well as land assemblages, equity joint ventures and tax-deferred exchanges.

Among Peggy’s numerous property closings was the initial land assemblage for 1200 K Street, N.W., one of Washington's major office buildings. She was involved in an equity placement/joint venture of the 83,600-square foot medical building at 2141 K Street, and later assisted the same investors to purchase the former National Rifle Association headquarters at 1600 Rhode Island Avenue for rehabilitation and conversion to a Marriott Courtyard hotel.

Since joining Marcus & Millichap in 1997, Peggy’s sales transactions have included land for development, and numerous multi-family and retail properties in NW, Washington, D.C.

On November 10, 1991, Peggy received a Certified Commercial Investment Member (CCIM) designation, a 240-hour commercial real estate professional curriculum, referred to as the "PhD" in commercial real estate. A Founder and Past President of CREW Washington (Commercial Real Estate Women, Inc.), now part of the CREW National Network of over 6,000 commercial real estate professionals and 57 chapters in cities nationwide and in Canada. Peggy currently serves on Washington CREW's Advisory Council.

Peggy received her B.A. degree from The American University in Washington, D.C. Having served as President of the Board of Governors of the Alumni Association, and a founder and President of the Real Estate Alumni Chapter, she was honored by the University with a prestigious Alumni Recognition Award for her success as a "commercial realtor, an innovative alumna, a founder of professional organizations, and an outstanding ground-breaker for the City". Recently, she served as Chair of the newly formed Real Estate Council of American University Kogod School of Business.

Certified Commercial Investment Member
A Founder & Past President at Crew, Inc. in Washington, DC

Director - National Multi Housing Group

Promoted to Associate in January, 2001
Promoted to Senior Associate in September, 2003
Promoted to Associate Vice President Investments in November, 2010
Promoted to Vice President Investments in January, 2017

American University, Bachelor of Arts, 1952
Commercial Investment Real Estate Institute, CCIM, 1991
American University, Graduate Classes at Kogod School of Business